$XPL has gone through a healthy correction after its recent high near 0.17 and is now trading around the 0.13 zone. While short term price action looks weak on the surface, the structure actually tells a more constructive story for patient holders.
On the 4H chart, price has already tested a strong support area around 0.113 and quickly bounced back, showing clear buyer interest at lower levels. This kind of reaction usually signals that smart money is accumulating during fear phases rather than exiting.
Even though XPL is still below the major moving averages, the selling pressure has visibly slowed down. The MACD is stabilizing and volume spikes on the dip suggest capitulation selling may already be done. Historically, these conditions often mark the early phase of a base formation before a trend reversal.
Another encouraging sign is how price is now holding above the recent low instead of making new ones. This shows momentum is gradually shifting from aggressive sellers to more confident buyers. If XPL manages to reclaim the 0.14–0.15 zone, it could open the door for a steady recovery toward previous highs.
In simple terms, XPL looks like it is building a foundation rather than breaking down. For long term believers, this zone offers a favorable risk to reward setup. Volatility may continue in the short term, but structurally the market is preparing for a healthier upside move once sentiment turns positive again.
This phase feels less like panic and more like preparation. For those watching closely, XPL might just be setting up for its next strong chapter. #Plasma @Plasma
